In August Ukraine ascended one more step in the 67-country Worldsteel rating, to the 11th position. Ukraine produced 1.8 million tons of steel, down by 5.5% YoY. China is still No. 1 in the world with 74.594 million tons of steel, up by 8.7% in August. To get back to the top-10, Ukraine has to…
NLMK, the largest steel producer in Russia and a leading international steel company, announces the closing of its $500 million 7-year Eurobond placement with an annual coupon rate of 4%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing notes due 2018…
Ukraine has launched a complaint against Kazakhstan’s use of antidumping duties on certain types of steel pipes imported from Ukraine, the World Trade Organization said. Ukraine has formally “requested consultations” with Kazakhstan, the first step in a trade dispute, which opens a 60-day window for Kazakhstan to settle the matter or face potential litigation. The…
The deposits of rare-earth metals Kutessai-II and Kalesai were repeatedly put up for tender, the website of the State Committee for Industry, Energy and Subsoil Use reported. It is noted that the tender commission has established the amount of payment for the right to use the subsoil of the object of the tender in the…
Nornickel has launched its new corporate website, now operating on two domains – www.nornickel.ru and www.nornickel.com, for Russian and English speakers, respectively. The new website is intended to enable users to develop consistent understanding of the company’s strategy, corporate governance principles, values and sustainable development policy. The new resource will help streamline the interaction with…
U.K.-based mining giant Evraz, which operates mainly in Russia, plans annual capital expenditures on coal assets at around $100 million until 2025, Sergei Stepanov, senior vice president and head of the coal division, reported on September 21. “Historically, the division spends around $100 million per year on capex on maintenance, without construction of new mines.…
Production of thermal and coking coal in Ukraine declined by 9.2% YoY in January-August, to 23.606 million tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. State-owned mines alone produced 3.1 million tons of coal of the total output, while coal production at the state mines fell by 20% over the period…
Interpipe expects Ukrzaliznytsia to announced a new scrap auction in the coming weeks. “Ukrzaliznytsia is shipping the last batches of scrap to us following the latest auction. They still have to send us some 3-4 thousand tons. In the coming weeks we expect them to announce a new auction and we intend to participate”, the…